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Daily Pivots: (S1) 136.08; (P) 137.65; (R1) 138.80; More....

Intraday bias in EUR/JPY remains neutral as correction from 139.99 is extending. Downside should be contained by 134.33 support to bring up trend resumption. On the upside, break of 139.99 will resume larger up trend to 144.06 projection level next. However, sustained break of 134.33 will dampen this bullish case and bring deeper pull back.

In the bigger picture, up trend from 114.42 (2020 low) is in progress. Such rise is seen as the third leg of the pattern from 109.30 (2016 low). Next target will be 100% projection of 114.42 to 134.11 from 124.37 at 144.06. In any case, outlook will now remain bullish as long as 124.37 support holds, in case of deep pull back.

Daily Pivots: (S1) 1.4854; (P) 1.4954; (R1) 1.5017; More...

EUR/AUD retreats after hitting 38.2% retracement of 1.6223 to 1.4318 at 1.5046. Intraday bias remains is turned neutral first, and further rise is in favor with 1.4687 support intact. On the upside, break of 1.5053 will target 61.8% retracement at 1.5495. On the downside, below 1.4687 minor support will turn bias back to the downside for retesting 1.4318 instead.

In the bigger picture, fall from 1.9799 is seen as a long term impulsive move. Next target is 61.8% projection of 1.9799 to 1.5250 from 1.6434 at 1.3623, which is close to 1.3624 long term support (2017 low). Some support could be seen there to bring interim rebound. But overall, break of 1.5354 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of recovery.

Daily Pivots: (S1) 0.8388; (P) 0.8415; (R1) 0.8432; More...

Intraday bias in EUR/GBP is turned neutral with a temporary top formed at 0.8440. Another rise will remain mildly in favor with 0.8307 minor support intact. Above 0.8440 will target 0.8511 resistance. Further break of 0.8511 will reaffirm that 0.8201 is a medium term bottom, and target 0.8697 medium term fibonacci level next. On the downside, below 0.8307 will turn bias back to the downside for 0.8248 support instead.

In the bigger picture, a medium term bottom could be in place at 0.8201, on bullish convergence condition in daily and weekly MACD. Rise from there could either be a correction to the down trend from 0.9499 (2020 high), or a medium term up trend itself. In either case, further rise should be seen to 38.2% retracement of 0.9499 to 0.8201 at 0.8697. Sustained break there will target 61.8% retracement at 0.9003.

Daily Pivots: (S1) 1.0232; (P) 1.0291; (R1) 1.0337; More....

EUR/CHF's break of 1.0246 dampens the bullish view and argues that corrective pattern from 1.0400 is extending with another falling leg. Intraday bias is back not the downside for 1.0086 support. On the upside, though, break of 1.0400 resistance will resume the rebound from 0.9970 to 1.0610 structural resistance instead.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. In any case, sustained break of 1.0505 support turned resistance (2020 low) is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.

Daily Pivots: (S1) 1.2702; (P) 1.2740; (R1) 1.2773; More...

Intraday bias in USD/CAD remains on the upside with 1.2652 minor support intact. Rebound from 1.2401 should target 1.2899 resistance next. On the downside, however, break of 1.2652 minor support will mix up the near term outlook and turn intraday bias neutral again.

In the bigger picture, focus stays on 38.2% retracement of 1.4667 (2020 high) to 1.2005 (2021 low) at 1.3022. Sustained break there should confirm that the down trend from 1.4667 has completed after defending 1.2061 long term cluster support. Further rise would then be seen towards 61.8% retracement at 1.3650. However, rejection by 1.3022 will maintain medium term bearishness. Break of 1.2005 will resume the down trend from 1.4667 and that carries larger bearish implications too.

Daily Pivots: (S1) 0.7125; (P) 0.7191; (R1) 0.7247; More...

Intraday bias in AUD/USD remains on the downside at this point. Sustained break of 0.7164 support will confirm that whole rebound from 0.6966 has completed at 0.7660. More importantly, such development will suggest that larger correction from 0.8006 has already started the third leg. Deeper decline would be seen back to retest 0.6966 low next. On the upside, above 0.7250 minor resistance will turn intraday bias neutral first.

In the bigger picture, price actions from 0.8006 are seen as a corrective pattern to rise from 0.5506 (2020 low). Break of 0.7164 will suggest that such correction is still in progress, with fall from 0.7660 as the third leg. Next target will be 50% retracement of 0.5506 to 0.8006 at 0.6756. On the upside, break of 0.7660 will revive that case that the correction has already completed at 0.6966.

Daily Pivots: (S1) 127.48; (P) 128.18; (R1) 128.82; More...

USD/JPY is staying in consolidation from 129.39 and intraday bias remains neutral first. Downside of retreat should be contained above 125.09 resistance turned support to bring another rally. On the upside, above 129.39 will target 130.04 long term projection level next.

In the bigger picture, the break of 125.85 resistance (2015 high) suggests that whole up trend from 75.56 (2011 low) is resuming. Further rise should be seen to 61.8% projection of 75.56 (2011 low) to 125.85 (2015 high) from 98.97 at 130.04. Sustained break there wave the way to 147.68 (1998 high). For now, this will remain the favored case as long as 121.27 support holds.

Daily Pivots: (S1) 0.9564; (P) 0.9580; (R1) 0.9614; More....

Intraday bias in USD/CHF stays on the upside for the moment. Sustained break of 0.9591 medium term projection level will pave the way to next at 0.9864. On the downside, break of 0.9542 minor support will turn intraday bias neutral to bring consolidations. But downside of retreat should be contained above 0.9372 resistance turned support to bring another rally.

In the bigger picture, down trend from 1.0342 (2016 high) could have completed with three waves down to 0.8756 (2021 low) already. Rise from 0.8756 is likely a medium term up trend of its own. Sustained break of 61.8% projection of 0.8756 to 0.9471 from 0.9149 at 0.9591 will pave the way to 100% projection at 0.9864. This will now remain the favored case as long as 0.9193 support holds.

Daily Pivots: (S1) 1.2679; (P) 1.2762; (R1) 1.2826; More...

Intraday bias in GBP/USD remains on the downside for 100% projection of 1.3641 to 1.2999 from 1.3297 at 1.2655. Sustained break there will target 161.8% projection at 1.2258. On the upside, above 1.2822 minor resistance will turn intraday bias neutral and bring consolidation first, before staging another decline.

In the bigger picture, rise from 1.1409 (2020 low) has completed at 1.4248, ahead 1.4376 long term resistance (2018 high). Decline from 1.4248 could still be a corrective move, or it could be the start of a long term down trend. In either case, deeper decline would be seen back to 61.8% retracement of 2.1161 to 1.1409 at 1.2493. In any case, break of 1.3158 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

EUR/USD

After the breach of the important support at 1.0757, the Euro lost quite a bit of ground against the dollar and the pair tested the support zone at 1.0704. During the early hours of today`s trading, the EUR/USD consolidated around the mentioned level and if the bearish attack continues and this level falls, then the pair will most likely head towards the lows from Мarch 2020 at around 1.0650. The first target for the bulls is the mentioned level at 1.0757, which is currently acting as resistance, followed by the target at 1.0811.

USD/JPY

The bears prevailed, and during the early hours of today`s trading, the currency pair fell below the lower border of the range between 127.60 and 128.75. A confirmed breach here could easily deepen the decline and lead to a sell-off towards the support zone at 126.96, followed by the level at 126.48. If the bulls enter the market, then a violation of the important resistance at 128.75 could easily pave the way for a new attack on the high at 129.38 and would strengthen the positive expectations for the future path of the Ninja.

GBP/USD

The depreciation for the pound against the dollar was limited to the support zone at 1.2709, and at the time of writing the analysis, the Cable is holding positions above the aforementioned level. If the bearish momentum fades and the bulls prevail, then they could lead the pair towards the resistance level at 1.2986, but only a successful violation of the target at 1.3045 could lead to a change in the current sentiment of the market participants. If the sellers remain in control, however, then a new breach attempt of the zone at 1.2709 would be the most probable scenario. If confirmed, this breach could prolong the sell-off and could easily lead to future losses towards 1.2670 for the sterling.

EUGERMANY40

The German index regained some of its recent losses, and after the breach of the resistance at 14034, the price headed for a test of the next target at 14184. A successful violation of the mentioned level could easily lead to a rally and could continue the recovery towards the major zone at 14322. If the bears enter the market instead and manage to violate the level at 14034, then their next support can be found at 13958, followed by the lower target at 13884.

US30

During the tech sector earnings, the sell-off was limited around the zone at 33400, after which the U.S. index staged a massive rally. A successful breach of the resistance zone at 34100 could easily lead to more gains and could head the price for a test of the higher level at 34277, followed by the one at 34449. If the mentioned zone at 34100 defends against the bullish attack, then a new attempt at breaching the low at 33417 would be the most probable scenario, marking the current move as a corrective one.